Let's say there is a turning point on the Dow in this case January and it looks like a high you could sell against the monthly bullish reversal  which is a key PRICE target that needs to be achieved within a specified TIME period. If the market is unable to achieve the price target in time then you would have sold the high.  
As we move into 2020.05 we are facing a major TURNING POINT.
This strategy can also be used in line with the ECM and this is what awarded Armstrong hedge fund manager of the year when he sold $1 billion worth of yen against the Yearly Bullish Reversal at 147 on an MIT (Market If Touched)
https://www.armstrongeconomics.com/armstrongeconomics101/basic-concepts/trading-reversals-in-reverse/
https://www.armstrongeconomics.com/about/1113-2/track-record-hedge-fund-manager-of-the-year/
https://www.armstrongeconomics.com/armstrongeconomics101/training-tools/trading-against-the-reversals/
https://www.armstrongeconomics.com/armstrongeconomics101/basic-concepts/time-price-2/

"Price targets become more important when the current trading activity reaches such a level in conjunction with the TIME targets."
https://www.armstrongeconomics.com/armstrongeconomics101/basic-concepts/why-are-we-all-so-confused/
https://www.armstrongeconomics.com/uncategorized/so-when-will-we-know/
https://www.armstrongeconomics.com/uncategorized/what-kind-of-trader-is-trading/

For the record
The most recent call by Armstrong on his private blog is if we exceed the November high this month we can rally into the ECM(18 January) price target on the Dow is 30 000. IF we see a high in January in line with the ECM, Armstrong calls for a drop going into the 1st quarter 2021.


AnonymousCoder
"Getting to the bottom of Martin Armstrong’s criminal case is about as difficult as proving, once and for all, that the Fibonacci sequence is God. It can be especially hard to achieve certainty in a complex white-collar case. Prosecutors can be financially unsophisticated, and defendants may lie and obfuscate. Imagine a masked man accused of robbing a bank who maintains, all along, that he was merely cashing a check."
https://www.newyorker.com/magazine/2009/10/12/the-secret-cycle?verso=true

Posted Oct 14, 2014 by Martin Armstrong
" In theory, if the market were to invert all the way into a low for 2015.75 next year, then we would be looking at a full blown cycle inversion with stocks moving up with the drop in the ECM. This would be a tremendous rally, but it would come at the cost of a real serious collapse in the confidence of government. This may be what we are facing. Instead of a Phase Transition that doubles the Dow Jones from the 2009 low of 6,440 (12,000), which we have already achieved, we are looking at a rally into 2017-2018 with the Dow reaching the 25,000-28,000 level. "
https://www.armstrongeconomics.com/uncategorized/so-when-will-we-know/

This is exactly what happened in 2015.75 the next Major Turning point on the ECM we crashed going into it which indicated a  full blown cycle inversion with stocks moving up with the drop in the ECM(2020.05) So it looks like a high in 2020.05 and a sharp drop thereafter.  I believe trading in line with the ECM(TIME) and the reversals(PRICE) will yield the best results as it is a much stronger cycle and due to the difficulty reading the array and having it change so much.

"Day Trading is a full-time job and many people produce more in fees than they earn. The real TRADING is simply moving with the overall trend. You would be long primarily from a strategic position that may be held for months or years…The point is if you LEARN how the business cycle moves, you will be successful.  "
https://www.armstrongeconomics.com/uncategorized/what-kind-of-trader-is-trading/